TQQQ Trade example SQQQ SPXS SPXL SOXL SOXS YINN YANG
- Fed minutes Wed 2pm EST - CPI Wed 530 EST - PPI Thursday 530 EST - added initial positions for AMEX:SOXS looking to add more if we get flat or lower CPI data then 5.1%. shorting the NASDAQ:SMH / NASDAQ:SOXX sector. - we have been tightening up in an equilibrium since last Wednesday will very likely break tomorrow. - NASDAQ:QQQ / AMEX:SPY will be...
- QQQ and SPY has a very strong bull move last 4 days with zero signs of bears but they move is quite extended and im looking for a daily consolidation to shape up - If the consolidation is healthy the bull move will likely continue so i will be watching how the consolidation shapes up. - SPY is approaching some key resistance around 410 area also potentially...
- QQQ double topped with Tuesday top, had a 15m bull flag during consolidation with no red flags until mid morning. - XLF increasing bear volume with zero bounce and very notable big money exiting. Fear creeped into the market - VIX up 20% - QQQ went from lead bull to bear when all sectors starting to drop at the same time after XLFs huge drop. dragging SPY...
17 minute video. A lot of information packed in here. I don't like typing things out when I have 20 things to say, so I'm not really going to do that. TLDW; Things look bad. If this video was useful to you, boost the idea so that more people find these the ideas and join the the streams everyday at 9:15 EST: 15 minutes before the market opens.
General thoughts and TA on legacy and crypto markets. Would love to hear any comments or if you'd like me to chart a specific asset. Thanks
Chart Details Small pullback today. Bullish EMA cross and Bullish 10Week Cross stacked up. Very close to crossing will confirm bullish trend. Gap fills to $15/$16 conservative estimate. Weekly trend confirms bullish trend. RSI on Weekly confirms pattern breakout. Stop $12.50 Target $15 About Me www.moneypatterns.com Options Strategies, Video Technical...
Have a great day all!
These morning gap trades happen nearly every week providing a steady stream of winning trades.
VIDEO analysis on small-cap stocks, bearish but at fib support for a bounce as of today
The Russell 2000 ETF continues to deliver critical technical and longer-term price patterns for skilled technicians. Combining the IWM chart with the Transportation Index, Oil, Gold, and others provide a very clear picture of what to expect in the immediate future. Recently, we posted a research article about the Head-n-Shoulders pattern setting up in the $INDU....
Opening Gap Signals Market Top For Swing Traders
Broad market setting up for another leg down after this week's short covering pop and overly bullish sentiment. See More Videos at www.TheTechnicalTraders.com
Bulls definitely showing they're not going to roll over here. Key levels: S: 279.00 - lose that and we lolk for healthy 4hr and daily consolidation R: 281.10, then a lack of resistance until 286.91 We've now bounced over half way from the low of the dump back to all time high
4hr gives me the most clarity. S: 269.59 R: 275,23